Regarding new US Federal Reserve chairwoman Janet Yellen’s comments on moves to continue reducing the Fed's monetary stimulus programme, financial markets are expected to price in the same tapering scenario, prompting regional markets to adjust gradually in line with the changes by large economies.
Meanwhile, capital flows are expected to return to emerging markets to chase after better returns in the long term.
Mrs Roong said household debt may swell on the back of delayed payments for rice farmers under the rice pledging scheme since they are identified as indebted low-income earners, but the situation requires further monitoring.
Regarding the World Bank’s 4% gross domestic product growth estimate for Thailand this year, she said that is possible under the conditions of an efficient fiscal budget disbursement and a return of private sector confidence in line with renewed economic activity this year.
Mrs Roong said exports remain the main engine driving growth this year thanks to positive signs pointing to a global economic recovery.
With a sound financial status, private businesses and commercial banks are expected to resume their investment if the domestic political situation stabilises, she said.
Mrs Roong said tourism has usually recovered rapidly in the past after the political situation returned to normal.
Regarding new US Federal Reserve chairwoman Janet Yellen’s comments on moves to continue reducing the Fed's monetary stimulus programme, financial markets are expected to price in the same tapering scenario, prompting regional markets to adjust gradually in line with the changes by large economies.
Meanwhile, capital flows are expected to return to emerging markets to chase after better returns in the long term.
Mrs Roong said household debt may swell on the back of delayed payments for rice farmers under the rice pledging scheme since they are identified as indebted low-income earners, but the situation requires further monitoring.
Regarding the World Bank’s 4% gross domestic product growth estimate for Thailand this year, she said that is possible under the conditions of an efficient fiscal budget disbursement and a return of private sector confidence in line with renewed economic activity this year.
Mrs Roong said exports remain the main engine driving growth this year thanks to positive signs pointing to a global economic recovery.
With a sound financial status, private businesses and commercial banks are expected to resume their investment if the domestic political situation stabilises, she said.
Mrs Roong said tourism has usually recovered rapidly in the past after the political situation returned to normal.
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